CCC Issues Series N Shares in PLN 1.55 Billion Offering
Deal News | Mar 27, 2025 | White & Case
Global law firm White & Case LLP has provided advice to a banking syndicate in connection with CCC S.A.'s offer of new series N ordinary bearer shares. This offering was executed via an accelerated book-building process and has been valued at over PLN 1.55 billion. This issuance involved the allocation of 8,157,894 series N shares at a price of PLN 190 per share, targeting both Polish and international investors through a private subscription which adhered to specific regulations, including exemptions to prepare a prospectus. CCC aims to use the proceeds from this capital increment to cover the expenses involved in acquiring the minority shareholdings of Modivo. The syndicate involved a number of banks acting as managers of the offer, including domestic banks such as Powszechna Kasa Oszczdnoci Bank Polski S.A., and international banks like Citigroup Global Markets Europe AG. CCC is a renowned retailer of footwear and clothing, with an extensive portfolio of brands and a strong presence on the Warsaw Stock Exchange since 2004. The legal advisory team was led by Marcin Studniarek, along with Monika Duyska and Dawid Ksiek in Warsaw.
Sectors
- Retail
- Finance
- Legal Services
Geography
- Poland – CCC S.A. is based in Poland and the shares are listed on the Warsaw Stock Exchange.
- Europe – The article involves European banks and investors, and CCC operates across 30 markets in Europe.
- United States – The transaction adhered to US regulations under the US Securities Act 1933, despite being conducted outside the US.
Industry
- Retail – CCC is involved in the retail sector, specifically in the footwear and clothing industry, as they are one of Europe's largest retailers in this category.
- Finance – The article discusses a significant financial transaction, the issuance of shares, which involves various banks and financial advisors.
- Legal Services – White & Case LLP provided legal advisory services for this transaction, highlighting the involvement of the legal sector.
Financials
- PLN 1.55 billion – The total value of the new series N ordinary bearer shares offered by CCC S.A.
- PLN 190 – The issue price per share for the series N shares.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CCC S.A. | Target | Company | One of Europe's largest footwear and clothing retailers, listed on the Warsaw Stock Exchange. |
| White & Case LLP | Legal Advisor | Company | A global law firm advising the banking syndicate on CCC's share issuance. |
| Powszechna Kasa Oszczdnoci Bank Polski S.A. | Offering Agent | Company | A major Polish bank acting as offering agent in this transaction. |
| Trigon Dom Maklerski S.A. | Global Coordinator | Company | A Polish brokerage house acting as a global coordinator for the share offering. |
| Citigroup Global Markets Europe AG | Manager | Company | An international financial institution part of the syndicate managing the share offer. |
| Marcin Studniarek | Partner | Person | Partner at White & Case LLP, leading the advisory team for the transaction. |